AAPL Intraday Updates (Archive)

The FCC is asking Apple about its app store policies and in particular the removal of the Google Voice app from the iTunes app store. The iPhone’s global roll out continues unabated and the share price has been rising.

Apple(R) today announced that Dr. Eric Schmidt, chief executive officer of Google, is resigning from Apple’s Board of Directors, a position he has held since August 2006.

“Eric has been an excellent Board member for Apple, investing his valuable time, talent, passion and wisdom to help make Apple successful,” said Steve Jobs, Apple’s CEO. “Unfortunately, as Google enters more of Apple’s core businesses, with Android and now Chrome OS, Eric’s effectiveness as an Apple Board member will be significantly diminished, since he will have to recuse himself from even larger portions of our meetings due to potential conflicts of interest. Therefore, we have mutually decided that now is the right time for Eric to resign his position on Apple’s Board.”

Premarket up over $2. I think money on the sidelines is coming in after losing patience with earning 1% in the money markets.

I believe this is the “stupid money” because all indications are that the markets, and particularly tech, will backtest the breakout from the inverse head and shoulders. On the S&P that would be 956, and on the Nasdaq we’re testing the 2 year downtrend at 2005 or so. there’s good support on the Naz in the 1890 to 1920 range.

There’s good support for AAPL at the top of the gap on the weekly charts at 148-150, or there abouts.I suspect this week that’ll get tested too.

-ernie

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Sometimes I sits and thinks, sometimes I just sits
-Wish you were here

Premarket up over $2. I think money on the sidelines is coming in after losing patience with earning 1% in the money markets.

I believe this is the “stupid money” because all indications are that the markets, and particularly tech, will backtest the breakout from the inverse head and shoulders. On the S&P that would be 956, and on the Nasdaq we’re testing the 2 year downtrend at 2005 or so. there’s good support on the Naz in the 1890 to 1920 range.

There’s good support for AAPL at the top of the gap on the weekly charts at 148-150, or there abouts.I suspect this week that’ll get tested too.

-ernie

So where is your money, Mr. Burn.

Don’t load us up with words, tell us what you are doing with your personal money.

That is what counts.

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Just sold a little more of my 170 2010 options. 82 plus on the RSI on a daily chart. Hasn’t been that high in at least a year without a pull back. S&P at 1,000 will be interesting to see. Perhaps a bounce if we can break or close above it. The good news I suspect is any pullback won’t be too significant as a lot of people are anxious to get in including people like me who are getting out. Good luck to all…

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NOBAMA / Carter 2012 - “Yes we can - we just figured out a way - it’s called the American deem”

Premarket up over $2. I think money on the sidelines is coming in after losing patience with earning 1% in the money markets.

I believe this is the “stupid money” because all indications are that the markets, and particularly tech, will backtest the breakout from the inverse head and shoulders. On the S&P that would be 956, and on the Nasdaq we’re testing the 2 year downtrend at 2005 or so. there’s good support on the Naz in the 1890 to 1920 range.

There’s good support for AAPL at the top of the gap on the weekly charts at 148-150, or there abouts.I suspect this week that’ll get tested too.

-ernie

So where is your money, Mr. Burn.

Don’t load us up with words, tell us what you are doing with your personal money.

That is what counts.

Why is what I play of any significance to you? It doesn’t validate the analysis. It is what it is.

But if you must know, then I went all cash on Friday, and I’m waiting for a re-entry. I’m staying away from banks and tech, that includes AAPL, and looking for objective entries in agi and energy later this week.

-ernie

Signature

Sometimes I sits and thinks, sometimes I just sits
-Wish you were here

Premarket up over $2. I think money on the sidelines is coming in after losing patience with earning 1% in the money markets.

I believe this is the “stupid money” because all indications are that the markets, and particularly tech, will backtest the breakout from the inverse head and shoulders. On the S&P that would be 956, and on the Nasdaq we’re testing the 2 year downtrend at 2005 or so. there’s good support on the Naz in the 1890 to 1920 range.

There’s good support for AAPL at the top of the gap on the weekly charts at 148-150, or there abouts.I suspect this week that’ll get tested too.

-ernie

So where is your money, Mr. Burn.

Don’t load us up with words, tell us what you are doing with your personal money.

That is what counts.

The next moveI make, I’ll announce the entry, stop, target and reasoning, Ok?

You know Ernie, Roni speaks the truth!

I am still long AAPL and BBY. I am hoping for a drop to $162 on AAPL, so I can buy some APVHM, the $165 August calls!

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Sometimes I sits and thinks, sometimes I just sits
-Wish you were here

Adding some commentary to my earlier quote on the daily RSI - it certainly is screaming pullback but looking at a daily or monthly RSI it is not based on historical levels. Just throwing that out to qualify my earlier comment.

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NOBAMA / Carter 2012 - “Yes we can - we just figured out a way - it’s called the American deem”

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Somewhat OT: E-Trade is dog slow today. Is it just me, or is it E-trade’s fault (again)?

Further OT but kind of not. Anyone noticing their first generation iPhone even with 3.0 upgrade less responsive? Mine’s driving me a little nutty at times where it delays somewhat often on touch responses. Just curious if anyone else (who has such an old monster of an iPhone) is experiencing similar “issues.”

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NOBAMA / Carter 2012 - “Yes we can - we just figured out a way - it’s called the American deem”